EX-99 3 exh992.txt EXHIBIT 99.2 ATWOOD OCEANICS, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Three Months Ended Nine Months Ended June 30, June 30, ------------------------ ------------------------ 2007 2006 2007 2006 ---- ---- ---- ---- REVENUES: Contract drilling $ 98,371 $ 71,865 $ 278,875 $ 194,808 Business interruption proceeds - - 2,558 - -------- -------- --------- --------- 98,371 71,865 281,433 194,808 -------- -------- --------- --------- COSTS AND EXPENSES: Contract drilling 47,484 32,136 140,211 103,176 Depreciation 8,438 6,192 24,782 18,789 General and administrative 5,949 4,830 17,991 15,428 Gain on sale of equipment (157) (1,075) (341) (10,350) -------- -------- --------- --------- 61,714 42,083 182,643 127,043 -------- -------- --------- --------- OPERATING INCOME 36,657 29,782 98,790 67,765 -------- -------- --------- --------- OTHER INCOME (EXPENSE) Interest expense, net of capitalized interest (392) (1,435) (1,317) (4,642) Interest income 304 259 1,177 828 -------- -------- --------- --------- (88) (1,176) (140) (3,814) -------- -------- --------- --------- INCOME BEFORE INCOME TAXES 36,569 28,606 98,650 63,951 PROVISION (BENEFIT) FOR INCOME TAXES 4,536 (4,185) 13,775 1,008 -------- -------- --------- --------- NET INCOME $32,033 $32,791 $84,875 $62,943 ======== ======== ========= ========= EARNINGS PER COMMON SHARE: Basic 1.02 1.06 2.72 2.04 Diluted 1.00 1.04 2.68 2.00 AVERAGE COMMON SHARES OUTSTANDING: Basic 31,491 31,037 31,233 30,900 Diluted 31,964 31,580 31,718 31,411